USA Mega

Idaho Mega Millions Jackpot Annuity Payout Schedule for Nov 1, 2024

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The tax information provided here is based on 2024 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $281,000,000 for a ticket purchased in Idaho, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Idaho

Drawing Date:Fri, Nov 1, 2024
Jackpot:$281,000,000
Federal Tax:37% marginal rate
State Tax: 5.695%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,229,453$1,523,085$240,867$2,465,500
2$4,440,926$1,601,330$252,911$2,586,685
3$4,662,972$1,683,487$265,556$2,713,928
4$4,896,121$1,769,753$278,834$2,847,534
5$5,140,927$1,860,331$292,776$2,987,820
6$5,397,973$1,955,438$307,415$3,135,121
7$5,667,872$2,055,300$322,785$3,289,786
8$5,951,266$2,160,156$338,925$3,452,185
9$6,248,829$2,270,254$355,871$3,622,704
10$6,561,270$2,385,858$373,664$3,801,748
11$6,889,334$2,507,241$392,348$3,989,745
12$7,233,800$2,634,694$411,965$4,187,142
13$7,595,490$2,768,519$432,563$4,394,408
14$7,975,265$2,909,036$454,191$4,612,038
15$8,374,028$3,056,578$476,901$4,840,549
16$8,792,730$3,211,498$500,746$5,080,486
17$9,232,366$3,374,163$525,783$5,332,420
18$9,693,984$3,544,962$552,072$5,596,950
19$10,178,684$3,724,301$579,676$5,874,707
20$10,687,618$3,912,606$608,660$6,166,352
21$11,221,999$4,110,327$639,093$6,472,579
22$11,783,099$4,317,934$671,047$6,794,117
23$12,372,254$4,535,922$704,600$7,131,732
24$12,990,866$4,764,808$739,830$7,486,228
25$13,640,409$5,005,139$776,821$7,858,449
26$14,322,430$5,257,487$815,662$8,249,281
27$15,038,552$5,522,452$856,446$8,659,654
28$15,790,479$5,800,665$899,268$9,090,546
29$16,580,003$6,092,789$944,231$9,542,983
30$17,409,003$6,399,519$991,443$10,018,042
Total$281,000,001$102,715,632$16,002,950$162,281,419

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.